Author Topic: Alcatel takes big hit on Lucent assets  (Read 522 times)

Offline Josetann

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Alcatel takes big hit on Lucent assets
« on: February 09, 2008, 11:46:00 AM »
Alcatel-Lucent posts better-than-expected revenue, but its outlook for 2008 is weak.   Alcatel-Lucent wrote down $4.3 billion against the assets it bought in its 2006 merger, and said the outlook was bleak.  Chief Executive Patrica Russo rejected the view that the charge showed Alcatel overpaid for Lucent, a...

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